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All Forum Posts by: Michael Schweiger

Michael Schweiger has started 1 posts and replied 1 times.

Post: S-Corp Question

Michael SchweigerPosted
  • Investor
  • River Edge, NJ
  • Posts 1
  • Votes 0

I am currently in the process of closing on a property in Mississippi, but I currently live in NJ. My intention is to sell the property as soon as possible. I have read and been told that setting up a S-Corp to protect yourself is the right move for short term deals.

- Should the S-Corp be set up in NJ or Mississippi?
- Will I be able to use the same S-Corp for future deals in other states once I sell the Mississippi property or will a new S-Corp have to be set up everytime?

Any advice appreciated.